Leading Independent Proxy Advisory Firm Endorses Melcor REIT’s Proposed Arrangement

EDMONTON, Alberta, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) is pleased to announce that Glass Lewis & Co. (“Glass Lewis”) has recommended unitholders of the REIT (“Unitholders”) vote FOR the previously announced plan of arrangement (the “Arrangement”) with Melcor Developments Ltd. (“MRD”), whereby, among other steps, the outstanding trust units of the REIT will be redeemed in exchange for $4.95 per unit held, through a series of steps outlined in the management information circular mailed to Unitholders, filed under the REIT’s profile on SEDAR+ (http://sedarplus.com) and on the REIT’s website at https://melcorreit.ca/special-meeting/. We urge Unitholders to follow Glass Lewis’ recommendation and vote FOR the resolution approving the Arrangement.

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